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Today I have part 2 of our Ask the Experts Series Business Building Tips, and here's the million dollar question; How can you replace a 100k income with real estate?

I have another awesome group of real estate investors for this second roundup post. Once again they are some of the most respected people in the real estate investing arena today.

These folks were kind enough to share their expertise and their top business building tips. The reason I love roundup posts is that you are able to clearly see that there is no “one way” to do this business. Everyone does things a little bit differently and that’s one thing that makes this business so interesting.

This series is especially helpful if you are just starting out. However if you’ve gotten started but you’ve been dragging your feet or have just been “limping along”, you’re in the right place too.

How Can You Replace a 100k Income with Real Estate? Ask the Experts Part 2

Have you ever wondered how some folks know how to make smart and profitable real estate investments while others struggle?

I think that is the big “how to” question when it comes to real estate investing. Lots of people jump into real estate investing, but knowing how to make investments that are both smart and profitable can be a bit illusive at times. The truth of the matter is that there are a lot of mistakes made along the way.

Would You Like to Skip that Part?

You know….the part about making costly mistakes along the way.

My friends over at Jacob Grant Property Managementdecided to ask 17 real estate experts what they thought the 3 formulas or metrics were that they looked at before deciding to invest in a piece of property and why. I was honored to be included in this list of experts.

I think you will find this post to be a great roundup of the opinions and success tips of some of the folks that work in this business on a daily basis. They all have different business models and different investing strategies, but they all have one thing in common; they are successful in what they do. There is a lot of wisdom in this article.

If you are not already subscribed to the “Inner Circle”, be sure to do that today so you don’t miss any of the business building tips I have coming your way. I want this year to be your best year ever! And if you enjoyed this article, please share it

I have a great podcast for you today. Recently I had an opportunity to spend some time with my friend Seth Williams talking about his niche of flipping land. Seth is from Grand Rapids, MI, and he invests in real estate part-time.

This particular niche has proven to be very profitable for Seth. One of the great things about his business is that he finds and flips these pieces of property for chunks of cash with almost no competition. And, you don’t even necessarily need a buyer’s list. So where does he find his buyers? Listen in as he shares his secret.

I have been investing in real estate a long time, and I can tell you that I find this little known strategy to be very intriguing.

Show Notes

We covered a whole lot of information in this podcast, but here are a few of the things we discussed:

How Seth got started investing in real estate

What he does in his “day job”

How he found time to invest in real estate while having a wife, a full time job and getting his master’s degree

How Seth finds his leads

How he manages to get a 5-10% response on his marketing

How he sells most of his properties without a buyer’s list

Whether Seth has a goal of being a full time real estate investor

Tools that he uses in his business

Seth’s Site

Be sure to stop by Seth’s blog REtipster“Real World Guidance for Part-Time Real Estate Investors”. He has a terrific blog, and he is great at teaching others what he has learned. And if you have any questions, both Seth and I will be happy to answer them.